Casella Houses Housing Development

Bronx, NYUnknown exempt organization EIN 13-3692875Revenue $216K in FY2022

On file with the IRS1945 Vyse Avenue · Bronx, NY

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To provide low income Housing

97¢ of each $1 spent went to programs.
$3K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $88K a year · 13% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · 0.7% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$216K
-77% vs prior year
Spent
$455K
To programs
97%
Net assets
$0
By yearFY2020–FY2022
Revenue
$216K
FY2022▼ -77%
Tap a bar for its year
Revenue by fiscal year
FY2020$870K
FY2021$944K
FY2022$216K
Expenses
$455K
FY2022▼ -48%
Tap a bar for its year
Expenses by fiscal year
FY2020$966K
FY2021$873K
FY2022$455K
Net assets
$0
FY2022▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$676K
FY2021−$609K
FY2022$0

From the FY2022 Form 990 (year ending September 2022) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $441K Management & general 3% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $3K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Vice Chairpe
$3,038Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Controller
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Jason Boroff$3,038$5,331$14,654

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Casella Houses Housing Development is a nonprofit organization based in Bronx, NY.

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Provided by the organization

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1 program · $441K · in their own filed words · FY2021
01

To provide safe, clean, affordable housing to low and moderate income families located in the south bronx, ny.

$441Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$216K
Ln 12
Fees for servicesLn 2g$215K
Investment incomeLn 3$608
Money outPt IX
$455K
Ln 25
Programscol B$441K
Managementcol C$15K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$215K
Investment incomeLn 3$608
Total revenueLn 12$216K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Total assetsLn 16$2.8M$0
LiabilitiesLn 26$3.4M$0
Net assetsLn 32−$609K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$21K$21K
Other employee benefitsLn 9$14K$14K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$11K$11K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$1K$1K
OccupancyLn 16$81K$81K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$34K$34K
Other expenses (24a–d)Ln 24$262K$262K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$455K$441K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $216K$455K−$239K$0 990 PDF
FY2021 $944K$873K$71K−$609K 990 PDF
FY2020 $870K$966K−$96K−$676K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $216,024 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,975$0
I-9 Program service revenuePrior year $919,191$215,416
I-10 Investment incomePrior year $3,634$608
I-11 Other revenue$0
I-12 Total revenuePrior year $943,800$216,024
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $141,149$35,692
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $731,787$419,794
I-18 Total expensesPrior year $872,936$455,486
I-19 Revenue less expensesPrior year $70,864−$239,462
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $216,024 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $215,416$215,416
VIII-3 Investment incomeRelated to mission $608$608
VIII-12 Total revenueRelated to mission $216,024$216,024
Part IX · Statement of functional expenses $455,486 across 11 lines filed
IX-7 Other salaries and wagesPrograms $20,509$20,509
IX-9 Other employee benefitsPrograms $13,616$13,616
IX-10 Payroll taxesPrograms $1,567$1,567
IX-11a Management feesManagement $10,816$10,816
IX-11c Accounting feesManagement $4,000$4,000
IX-11g Other fees for servicesPrograms $1,221$1,221
IX-16 OccupancyPrograms $80,974$80,974
IX-22 Depreciation, depletion and amortizationPrograms $22,012$22,012
IX-23 InsurancePrograms $33,837$33,837
IX-24 Other expenses (24a–d)Programs $262,103$262,103
IX-24e All other expensesPrograms $4,831$4,831
IX-25 Total functional expensesPrograms $440,670 · Management $14,816 · Fundraising $0$455,486
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $2,787,148$0
X-26 Total liabilitiesStart of year $3,396,193$0
X-32 Total net assets or fund balancesStart of year −$609,045$0
X-33 Total liabilities and net assetsStart of year $2,787,148$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$216,024
XI-2 Total expenses$455,486
XI-3 Revenue less expenses−$239,462
XI-4 Net assets at start of year−$609,045
XI-5 Net unrealized gains (losses) on investments−$722
XI-9 Other changes in net assets$849,229
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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